The Asphalt Manufacturing industry has seen steady growth over the five years to 2014. Despite declining prices in substitute materials such as cement, demand for this industry's paving and roofing asphalt products increased, boosting industry revenue. Over the five years to 2019, the industry is expected to experience stronger growth as the residential and nonresidential construction markets continue to recover alongside an expected expansion of government funding for highways.
Industry companies manufacture paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cements and coatings. These products are produced from purchased asphaltic materials, paper mats and felts. Operators do not refine the crude petroleum or produce the paper mats and felts that comprise industry products. Companies that conduct such services are included in the Petroleum Refining (IBISWorld report 32411) and Paper Mills (32212) industries.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.